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Randgold Resources Share Discussion Threads
Showing 8276 to 8298 of 8300 messages
Those Feb housing numbers - ouch.
come on Janet - raise rates and let's get the asset collapse started so we can then lower them and have QE 4.|
|With inflation and US stocks well overvalued hopefully RRS will rise much futher|
|Great Start !|
|Good Morning !|
|Edging up to 1250|
|There's me thinking we were going to get a dull old week after all the Fed action last week with the rate rise in the US,then a question mark arises whether the Donald can get his legislation through the 'House' on Thursday,repealing certain aspects of Obamacare.Apparently some GOP members plan not to vote to repeal Obamacare,in which case Mr Trump might find that if he can't get what is considered not too contentious votes through the Senate and Congress,how is he going to manage on issues like tax reform? If all his big ideas are going to be stymied and held up,then his whole presidency can start unravelling.Already seen the Dow and S&P down 1% as a result of the uncertainty today,watching tomorrow with interest!At last we may be getting some volatility and action back into the markets.Bored of these measured market reactions to events,let's get some action going.Dollar down,gold up,oil down,commodity stocks down,great stuff.I smell opportunity.Big deal here is if he can't secure the votes to repeal Obamacare,then his border adjustment tax proposals, which are universally disliked, has Bob Hope or No Hope.|
|Steady Rise !|
USD dollar crashing down through support.
So gold rising.
Also that will raise the price of other materials and stoke inflation globally.
Come on Janet - 3 more hikes please.|
|Break thru $1237oz/$1238oz resistance level would be good now|
|Some technical gold selling overnight,retracing now.Bullish trend still intact.Markets just drifting at the mo. Eleven Fed speakers this week just to muddy the waters though they should give some guidance on dollar direction and the two more interest rate hikes in US this year.With Mnuchin and Janet Yellen's little 'chats' every week,then if dollar index is lower at the end of this week than it was at the start of the week,then i think the policy of talking the dollar down short term might be being enacted.I think there's some merit in just being patient here.|
|Cheers!....and good hunting!|
I Certainly Am !|
|Chinese Investor - are you back in with any of your top-sliced proceeds?|
I see EU wage growth out today.
1.6% Year on Year compared to inflation of 2.2%.
Stagflation is here.
Same in UK and the USA.|
|Yeah,good point.RRS has healthiest balance sheet in this sector.I got the divi but got in too early at £74.All the good news from the results was baked into the share price Although economists argue over the tenuous link between oil and gold prices and their correlation,i for one want to see WTI price to fall to mid-forties and keep the dollar down with it.If oil prices do start slipping,then it could drag the whole commodity sector with it.We will be back to early last year and everyone wondering if World growth, such as it is,is sustainable.We definitely are witnessing a reflationary period,but without growth,stagflation is on the cards.Great for the gold price!|
|I'm getting my pick-axe and spade out right now.....!|
|recovering going Ex Div as investors realise the company will be around for years to come.
never got the drop after dividend day thing.
there is plenty of gold left to dig out.|
|Gold price lower but share price seems to be anticipating an upward movement?|
|Looking ready to retrace imo.|
|Looking Good !|
|Thanks Redbaron - a very helpful, detailed, and well reasoned assessment.|
|I don't think you need to be knowledgeable or an expert,the market is fickle and even economists cannot predict trends accurately and profitably.I like to be counter-intuitive,so if 'expert' investment and fund managers come on these business programmes and talk down gold as an investment, then even more reason to do the exact opposite.These characters always say gold is a rubbish investment because of its lack of yield.I'm not saying PM prices aren't manipulated by the big boys for their personal gain in the short and medium term,but with central bankers around the world having so debased their own currencies,then i believe gold alone provides a true reference point for value/worth now.The investment community want to sell you their products in the form of equities,bonds etc where they get their commission.Of course they don't want their customers putting their money into gold/PM assets where there's nothing in it financially for them! We now have a scenario where the dollar bulls have sold off after last week's Fed rate hike,and Yellen has reiterated only 'gradual' rises to come (maybe two more this year) from the Fed.Hopefully,the relatively weaker dollar will remain for a while,under-pinning gold prices at these levels.Barring 'black swan' events,we are now looking for a catalyst to take gold prices higher.Imho the balance of negatives to positives regarding pog lies with the latter.I believe the real serious danger to the dollar rallying significantly, damaging pog, is Trump's border tax proposal.If he goes ahead with this,the prediction is that the dollar could appreciate 10%.It's a short/medium term risk for gold and the miners.Long-term i think gold will win out here because there will be an adjustment over time in forex with the dollar and other currencies,but inflation generated by the border tax will be stoked.Those imho are the possible negatives for gold in the short/medium term,whereas the possible positives are more and varied.We have a Trump rally in US stocks where a lot of good, anticipated news has already been priced into their market.At present no one knows the extent of all Trump's fiscal policies or the time frame involved.The US markets are priced for a good earning season and growth, which apart from circumstantial evidence and sentiment, there is very little proof of.Oil prices,particularly WTI,look a little shaky to me.A lot of world growth is premised on higher oil prices.European elections upcoming in France and Germany provide political uncertainty,good news for pog.The US deficit proposals are coming at the end of the month and although US economic macro data is robust,can it continue? There is downside risk to gold of course,but gold's main nemesis ie a strong and strengthening dollar,appears to be in check now,and hopefully gold can tick higher from here.With the uncertainty still, that a Trump presidency provides,then physical gold and its miners imho is an investment risk worth taking.|
|Hi Ali. I'm nowhere near as knowledgeable as others on this thread to advise on RRS prospects for 2017. The price can fluctuate fairly substantially from one day to the next or even on the same day. Recent broker news from JP Morgan Cazenove was:-
"Meanwhile, JPM said Randgold Resources and Acacia Mining - both rated 'overweight' - remain its top picks in the precious metals sector. It said Randgold is "optically expensive" trading at 10/9x EV/EBITDA on spot, but is also net cash.
In addition, it pointed out that management has strict thresholds for M&A/project development and has outlined plans to return cash above $500m to shareholders.".
I am generally optimistic for the prospects of RRS for 2017 but you need to try to get in at the right level and it is difficult to see what that is, esp since it is now ex-div. Suggest you monitor the price to get a "feel" of it and read through some of the past posts many of which are quite illuminating.|